New Jersey S1789 protects financial institutions and insurers from penalties for providing services to the cannabis industry.
New Jersey S1789 shields financial institutions and insurers from penalties by state regulators for providing services to the cannabis industry. The bill allows financial institutions and insurers to offer services to cannabis-related businesses, subject to compliance with state laws, consumer protection laws, and any additional requirements from federal or state regulatory agencies. It prohibits state agencies from penalizing financial institutions or insurers for providing services to cannabis businesses and their associates.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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